SMHB vs CBON

Comparison between UBS AG London Branch (SMHB, ETF) and VANECK CHINA BOND ETF (CBON, ETF).

5-Year PerformanceCBON has outperformed SMHB, delivering a return of +2.0% compared to -5.7%

SMHB vs CBON - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMHB(ETF)	CBON(ETF)
Net Assets	$21M	$21M
Expense Ratio	N/A	0.50%
Max Drawdown	92.37%	16.42%
Sharpe Ratio	0.37	1.37
5Y Beta	1.51	0.02
5Y Dividends CAGR	-3.74%	-10.76%

Net Assets

SMHB

$21M

CBON

$21M

Expense Ratio

SMHB

N/A

CBON

0.50%

Max Drawdown

SMHB

92.37%

Winner

CBON

16.42%

Sharpe Ratio

SMHB

0.37

Winner

CBON

1.37

5Y Beta

SMHB

1.51

Winner

CBON

0.02

5Y Dividends CAGR

Winner

SMHB

-3.74%

CBON

-10.76%

SMHB vs CBON - Historical Returns

Returns include dividend reinvestment.

Period	SMHB	CBON
1 month	-0.86%	+1.30%
3 months	+1.84%	+3.79%
6 months	+4.64%	+6.36%
1 year	+13.84%	+8.48%
5 years(CAGR)	-5.71%	+1.97%
10 years(CAGR)	N/A	+2.89%
Max(CAGR)	-6.51%	+2.39%

SMHB

-0.86%

Winner

CBON

+1.30%

SMHB

+1.84%

Winner

CBON

+3.79%

SMHB

+4.64%

Winner

CBON

+6.36%

Winner

SMHB

+13.84%

CBON

+8.48%

5Y(CAGR)

SMHB

-5.71%

Winner

CBON

+1.97%

10Y(CAGR)

SMHB

N/A

CBON

+2.89%

Max(CAGR)

SMHB

-6.51%

Winner

CBON

+2.39%

SMHB vs CBON - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	SMHB	CBON
2026	+5.89%	+4.92%
2025	-8.10%	+5.72%
2024	-16.10%	+2.36%
2023	+32.71%	+2.71%
2022	-37.87%	-7.91%
2021	+71.88%	+4.71%
2020	-41.27%	+11.72%
2019	+8.23%	+2.22%
2018	-24.78%	+1.34%
2017	N/A	+6.86%
2016	N/A	-5.65%
2015	N/A	+0.85%
2014	N/A	-1.68%

SMHB vs CBON Drawdown Comparison

The maximum drawdown for SMHB was -90.28%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for CBON was -14.13%, occurring on Nov 3, 2022. Recovery took 970 trading sessions.

The current SMHB drawdown is -39.86%. The current CBON drawdown is -0.33%.

Rank	SMHB	CBON
#1	-90.28% Nov 14, 2018 - Mar 18, 2020	-14.13% Feb 22, 2022 - Jan 5, 2026
#2	N/A	-10.77% Aug 10, 2015 - Jan 25, 2018
#3	N/A	-8.00% Apr 19, 2018 - Mar 5, 2020
#4	N/A	-3.98% Mar 5, 2020 - Jul 20, 2020
#5	N/A	-3.81% Nov 11, 2014 - Apr 28, 2015
#6	N/A	-3.21% Jan 4, 2021 - Apr 29, 2021
#7	N/A	-2.45% May 28, 2021 - Sep 3, 2021
#8	N/A	-1.63% Nov 5, 2020 - Dec 3, 2020
#9	N/A	-1.63% Sep 3, 2021 - Oct 19, 2021
#10	N/A	-1.55% Feb 6, 2018 - Feb 20, 2018
#11	N/A	-1.43% Sep 18, 2020 - Oct 2, 2020
#12	N/A	-1.34% Feb 27, 2026 - Apr 1, 2026
#13	N/A	-0.90% Oct 21, 2020 - Nov 4, 2020
#14	N/A	-0.86% Aug 6, 2020 - Aug 24, 2020
#15	N/A	-0.86% Oct 6, 2020 - Oct 16, 2020

Correlation

Correlation between SMHB and CBON is -0.04 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.04

-101

Dividend Comparison (2014 - 2026)

SMHB vs CBON dividend yield comparison.

Year	SMHB	CBON
2026	8.77%	0.61%
2025	22.22%	1.66%
2024	21.95%	2.15%
2023	15.27%	3.01%
2022	24.18%	2.70%
2021	12.22%	3.05%
2020	16.86%	2.87%
2019	19.97%	3.87%
2018	0.91%	3.39%
2017	0.00%	3.33%
2016	0.00%	3.25%
2015	0.00%	2.78%
2014	0.00%	0.28%